Juukan Gorge rehabilitation in progress

Mining News Pro - The Puutu Kunti Kurrama and Pinikura (PKKP) Aboriginal Corporation has established a committee to communicate with Rio Tinto about the desired rehabilitation of Juukan Gorge.

From Russia with gold: UAE cashes in as sanctions bite

Mining News Pro - The United Arab Emirates has become a key trade hub for Russian gold since Western sanctions over Ukraine cut Russia’s more traditional export routes, Russian customs records show.

St Barbara ends talks with Silver Lake on Leonara bid

Mining News Pro - Australian gold miner St Barbara said on Tuesday it will not further engage with Silver Lake Resources whose revised offer for its Leonora assets in Western Australia was “unacceptably conditional”.

Trafigura says accused fraudster’s wife not a bystander

Mining News Pro - Commodities trader Trafigura Group, which is investigating a $577 million nickel fraud, had an asset freeze extended to the alleged fraudster’s wife, saying in a London court that she is not a “wholly innocent bystander.”

G-7 to chase Russia’s diamonds while stopping short of total ban

Mining News Pro - Group of Seven countries agreed to work together to track Russian diamonds, but stopped short of slapping Moscow with an outright ban on the lucrative gem trade.

Coronado Global Resources drives sustainability

Mining News Pro - Leading international metallurgical coal producer Coronado Global Resources has released its 2022 sustainability report.

Glencore’s Teck bid spurs call for Canada pensions to up equity stake

Mining News Pro - Glencore’s hostile bid for Teck Resources has galvanized some Canadian institutional investors, who have lobbied the federal government to push the nation’s biggest pension funds to lift their exposure to domestic companies, according to a presentation seen by Reuters.

Russia uranium deal caused manager exodus at Kazakh mining giant

Mining News Pro - The sale of a stake in a massive new uranium mine to Russia prompted an exodus of senior managers at Kazakhstan’s state-run miner.

Lead’s balancing act still depends on China’s exports

Mining News Pro - The global refined lead market will be roughly balanced between supply and demand this year, according to the International Lead and Zinc Study Group (ILZSG).

Newcrest Mining accepts $19.2 billion Newmont takeover deal

Mining News Pro - Newcrest Mining Ltd. has agreed to a takeover deal with Newmont Corp. worth about A$28.8 billion ($19.2 billion) to create the world’s biggest gold producer.

Pembridge Resources shares collapse on Minto mine halt

Mining News Pro - Pembridge Resources’ shares fell as much as 82% on Monday as it disclosed it was assessing its ability to stay in business after Canada’s Minto Metals, had to halt the namesake mine over the weekend.

Australia exports first copper to China since 2020, industry hopes end to ban near

Mining News Pro - Australia exported roughly $40 million worth of copper ore and concentrate to China early this year, Australian customs data shows, a sign of industry hope that trade in the red metal will resume as diplomatic relations improve.

Rio Tinto cautions against takeover fever after lithium’s dramatic price slump

Mining News Pro - Lithium’s dramatic price slump has mining heavyweights chasing takeovers of companies with early stage or pre-production projects. But one giant is warning that offering high premiums for smaller miners comes with risks.

New Century board shake up

Mining News Pro - With Sibanye-Stillwater having acquired the remaining shares of New Century Resources, New Century Resources has announced the resignation of non-executive director and chairman, Kerry Gleeson.

Board shakeup for St Barbara and New Century

Mining News Pro - New Century Resources and St Barbara have both announced changes to the company boards.

Rio Tinto acquires scandium project in NSW

Mining News Pro - lobal mining giant Rio Tinto has entered into a binding agreement to acquire the Platina scandium project from Platina Resources for a whopping $14 million.

Vale taps ex-Anglo CEO Cutifani to chair battery metals board

Mining News Pro - Vale SA recruited former Anglo American Plc boss Mark Cutifani to lead an independent board that will oversee its new base metals subsidiary, the Brazilian mining giant said on an earnings call Thursday.

Agnico Eagle executive chair makes $20 million

Mining News Pro - Agnico Eagle Mines Ltd. has the largest executive paycheque among major Canadian miners for 2022 – and the biggest problem with unhappy shareholders.

Vale’s profit slumps well below forecasts

Mining News Pro - Brazil’s Vale, one of the world’s largest miners, reported a first quarter net profit down 59% from a year earlier, far below analyst expectations, as profits were dragged down by weaker sales and lower iron ore prices.

Glencore staff bribery charges delayed until later this year

Mining News Pro - The UK’s fraud prosecutor is to delay a long-awaited decision whether to charge as many as 11 ex-Glencore Plc employees involved in the widespread corruption perpetrated at the company.

Theft of $1 million in gold suspends Argentina mine project

Mining News Pro - Thieves heisted about $1 million of gold from a mining project in southern Argentina run by Vancouver-based Patagonia Gold Corp.

Canada’s budget measures brighten funding prospects for critical miners

Mining News Pro - Canada’s move to expand the investment tax credit for mining companies to align it with policies in the United States is accelerating funding talks for critical miners, company executives told Reuters.

Biden offers $450m for clean energy projects at coal mines

Mining News Pro - The United States announced on Tuesday it had set aside $450 million to advance clean energy projects on current and former mine sites, given special attention to those that can provide new economic opportunities for coal communities.

Biden makes electric vehicle credits elusive in bid for US auto renaissance

Mining News Pro - The Biden administration’s requirements for electric vehicle tax credits will reduce the number of models eligible for incentives until tens of billions of new investment in US manufacturing by automakers and suppliers kick in.

Peru copper mines aim for output boost in 2023 after protest impact fades

Mining News Pro - Peru’s copper miners hope to increase output in 2023 after recovering from the impact of major protests at the start of the year, industry executives said, despite simmering anti-government anger in the world’s no. 2 producer of the red metal.

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